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------------MR ANDREW BELL, RRR, CEO-----------
Today, is your place in the sun with the Sino news of "soaring $1.3bn profit" from MAGNETITE IRON ORE. Now, per the article posted today by me from Ken Watson with thanks, dont tell me that OTHER MAJORS ARE NOT INTERESTED GIVEN GINA RINEHART is going into IRON ORE MAGNETITE at Mt Bevan, next door to Mt Mason [Juno owns Mt Mason and Mt Ida , both 100% stakes].
Todays's news about SINO shows that Gina got in BEFORE THE HERD given she invested some months back and today folks are interested in MAGNETITE iron ore in Western Australia.
Gina has already got Roy Hill so she is going further at Mt Bevan.
MR BELL, have any majors telephoned to ask about Mt Ida given they are all scrambling today after SINO news? Just asking. If anyone has asked, WHY NOT SELL IT?
That will shock the life out of people and it will be the biggest talking point.
After the SINO news out today, it says THERE IS INTEREST TO DEVELOP MAGNATITE IRON ORE IN W.AUSTRALIA.
I am sure big holders read and can convey this to Mr Bell.
Mr Bell in a Non-Executive Director of Jupiter per his Linkedin.
News, Wed, 4 May 2022
RRR +17% today @1pm+
Mt IDA RRR Royalty: RRR sold 1/2 of 1.5% to Anglo Pacific, FTSE 250 for £8.8m in 2012.
However, there is STILL 1/2 LEFT OF 1.5% MT IDA ROYALTY.
That is what I understand. On the other forum RRR, the header details also said so.
HAVE TO CHECK WHAT BELL - can anyone ask him as I have never communicated with him.
Thanks.
News, 4 May 2022. [Wed]
SP: +17% currently @1:18
ps I just noticed the comments about costs.
Costs are not relevant to a royalty. A royalty is not a profit share. If Juno brings Mt Ida into production, RRR will get the Royalty regardless of how profitable it is.
Usual stuff: uninformed biased know nothings who don't understand the basics but want to run AB and RRR down. There is plenty to criticise, no need to make stuff up.
DYOR
There is NO more JUPITER mines shares that RRR own.
Jupiter Mines kept Mt Ida and did work on it till FS.
The iron ore prices were not so good then for 1st reason and they wanted to wait till prices were better.
JUPITER MINES went on to MANGANESE when Bell asked the ex-CEO of BHP to inject his managese project into Jupiter which was world class. So, all the DIVI'S are from this manganese mine.
Mt Ida has increased the resource from 500Mt [time of RRR selling their 1/2 of 1.5% Mt Ida magnetite project for £8.8 million or US$14m to a FTSE 250 co] to 1.85 Billion tonnes.
Mt Ida and Mt Mason are now in Juno [spun out IPO in 2021].
So, darientaylor, you got mixed up as it appears thinking that Jupiter divis of the past relate to Mt Ida. Jupiter's only mine was the manganese one as said. Kindly look it up.
IRON ORE
Currently, spot iron ore is $150/t.
This morning, SINO NEWS FROM W.AUSTRALIA IS THAT PROFITS FROM IRON ORE SOARED TO $1.3 BILLION. INTEREST IS NOW IN IRON ORE M A G N E T I T E.
Ref: "GINA RINEHART INTEREST SUGGEST MAGNETITE IRON ORE IS NO BOOM TIME FOLLY." -The Australian, 2 weeks ago. So, iron ore prices are in "BOOM TIME MODE? It has been for some time. Read Rio, BHP and how their profits have soared due to their Pilbara iron ore profits, like Gina's Royal Hill.
MT IDA is NOT yet developed -IT HAS A FS SO COST IS KNOWN. THE PROFIT MARGIN IS VERY GOOD -SEE JUNO'S 2021 AGM PRESENTATION [latter of 2021].
News, Wed, 4 May 2022.
A dividend is not a royalty.
The dividend refers to Jupiter Mines. The Royalty refers to the royalty due from Juno on production from the Mt Ida tenements (refer to the Juno Minerals listing document).
We are due two stage payments from Anglo Pacific: $4mil on a decision to commence commercial mining and $4mil on commencement of commercial mining. I know everyone talks about the magnetite but there is haematite in the Mt Ida tenements and the Royalty agreement does not differentiate. The agreement refers to iron ore and the Mt Ida tenements. I have a copy of the agreement and so know exactly what it says.
https://www.junominerals.com.au/cproot/1079/3/2373837.pdf
Note that Juno has stated that the plan is to bring Mt Mason into production and use the cashflow to bring Mt Ida into production in due course. Mt Ida will cost a lot of money to bring into production.
"Juno also intends to progress the Mount Ida Magnetite Project (the Mount Ida Project). Preliminary reviews of past work completed and future work required has commenced to enable the planning to progress the Mount Ida Project. Juno is further encouraged by the recent investment by Han**** Magnetite Holdings Pty Ltd (Han****) in the neighbouring Mt Bevan Magnetite Project, jointly owned by Legacy Iron Ore Limited and Hawthorn Resources Limited (ASX Announcement 7 April 2022: Han**** Enters Mt Bevan Iron Ore Joint Venture). Han**** is now commencing a Pre-feasibility Study on Mt Bevan which is very positive for Yilgarn magnetite projects."
Based on the original plans from ten years ago, the Royalty would be worth about $10mil a year to RRR. What the numbers would be now, I have no idea.
DYOR
from year end results:
'Dividend income received during the year dropped from £0.419 million to £0.125 million, reflecting a lower payout and ongoing reductions in Jupiter Mines Ltd holding'.
So Id say that royalty is worth less than a third of is value 10 years ago..
oh forgot to mention wages costs have doubled, freight costs have gone up 4 fold and machinery costs have tripled. now factor that in, the size of the resource is not that relevant, what is relevant is how much per year are they extracting ti get the cash flow. answer less than they did 10 years ago so the margins are lower, ie the price of ore is less and they are extracting less per year.. so the math
Jan 1st 2013 iron ore price 157 per tonne, today 142 per tonne... answer they couldn't sell icecream in a heat wave
Short and sweet @darientaylor
If in 2012, RRR could sell Mt Ida Royalty [1/2 of 1.5%] to a FTSE co for US$14.4 Milllion [£8.8m] as reported by CityAM, then how much more today?
MAKING NEWS IN AUSTRALIA:
[1] Sino Metal profit soars to $1.3 billion from MAGNETITE iron ore in Western Australia. Interest is now developing in iron ore MAGNETITE in W.Australia.
[2] Earlier, Gina Rinehart, Iron Ore Queen from Roy Hill got into Mt Bevan, NEXT DOOR to Mr Mason [Juno, ASX]. Juno holds 100% of MT IDA AND 100% OF MT MASON, ALL IN WESTERN AUSTRALIA same as Gina's Roy Hill and Mt Bevan [can take her stake to 51%].
SIMPLE MATHS
If 1/2 of MT IDA ROYALTY could be sold to a FTSE 250 co for £8.8 million when the resource was 500mt [now 1.85 billion] HOW MUCH MORE MT IDA CAN BE SOLD NOW WITH INTEREST DEVELOPING given Gina's going into Mt Bevan and SINO NEWS TODAY on MAGNETITE IRON ORE, WESTERN AUSTRALIA [capital of iron ore in Australia].
-------------RRR 1/2 OF 1.5% ROYALTY MT IDA SOLD IN 2012 FOR £8.8 MILLION ---IF SOLD TODAY OF THE RRR BALANCE OF ANOTHER 1/2 OF 1.5% MT IDA ROYALTY EVEN AT
£8.8 MILLION, SAY [has to be increased as resource has up by 3x + more?], then
---------------£8.8MILLION, SAY FOR MT IDA ROYALTY BALANCE VS £4.2 MILLION MKT CAP OF RRR =?-------------------------
News, Wed, 4 May 2022.
Check and ring RRR to confirm Juno shares at 1.4m held and 1/2 of 1.5% ROYALTY MT IDA LEFT.
Stocks are about MKT CAP, not shares in issue.
RRR has projects and investments -balance sheet ASSETS $$$ vs MKT Cap.
Finance 101.
Books at interim show exploration assets etc £13m/£17m [ex liab] vs £4.2m mkt cap.
Google Finance is showing 0.44p for RRR +17% today, Wed, 4 May 2022.
@11:55am.
so in december 2015 RRR had 2.3 billion shares in issue, they did a consolidation of 25 : 1 so that brought it down to 200 million odd, today they have over 1.2 billion again, that's equivalent to 14 billion shares in old money.....when the share price was 14p there were under 400million shares in issue. that's means that the share price today would need to get to 350p to be the same.... Bell is a total water mitty storyteller and produces nothing but a salary for himself. this has will continue to be a dog
Per hopingforbags, Wed, 4 May 2022:
[1] " RRR SOARED 14P.
RGM 12p.
LIGHTNING SOMETIMES DOES STRIKE TWICE. GLA."
[2] "BELL COULD BE ON THE V E R G E OF ANOTHER 2 0 10."
---------LOL, someone who knows RRR's HISTORY.
First Equity broker note 2021 [Sep] said RRR went from 1p to 20p -JUPITER MINES EVENT.
Paul Johnson made £750k-£1m per the other RRR forum in recent days from RRR.
Context of what hopingforbags is talking about re: RRR 2010.
-----------------------HAVE A LOOK AT CONGO, DRC FOR MUSONOI-------------
Bell is off to the Congo to settle US$5m +US$15m for Musonoi [50.1% stake] either in cash or "EQUAL LICENCE /SPLIT PROPERTIES] and then LITIGATION OUTSIDE CONGO FOR MUSONOI
taken "FIT FOR US$25O MILLION" claim. RRR has already won 2 Congo cases, hence why
the $5m+$15m [50.1%] comes in.
---------------------LIGHTNING 3RD TIME.--------------------SEE BELLS INTERVIEW ON 29.4.22
AFTER RRR INTERIMS with Proactive entitled : Irons in the fire.
News, SP 0.35/0.39p, M A R K E T CAP £4.2M.
----------ANDREW BELL, RRR-MT IDA MAGNETITE IRON ORE, W.AUSTRLIA---------------
...............1.85 BILLION TONNES -----"TIER 1 pot.." [Juno 2021 AGM presentation----------
RRR sold 1/2 of 1.5% MT IDA ROYALTY in 2012 to a FTSE 250 for US$14 Million [£8.8 Million].
Mt Ida then had 500mt only so now near MORE THAN 3 TIMES BIGGER.
For context, Gina's current Mt Bevan only has just over 1bn tonnes.
Gina's ROY HILL - 2.4bn tonnes and "LARGEST ORE MINE IN AUSTRALIA.
-----------MR BELL SHOULD DO A NEW V A L U A T I O N OF MT IDA 1/2 of 1.5% MT IDA
ROYALTY so that the RRR books show a R E V A L U A T I O N of Mt Ida royalty.
If it could be sold in 2012, how much more now with 3 x plus more tonnage + and with FEASIBILITY STUDY?
----------GINA RINEHART AT MT BEVAN RECENT MAKING OZ NEWS.--------
--------------TODAY, 4.5.22, SINO IRON ORE $1.3BN PROFIT MAKING NEWS SO THAT
PEOPLE ARE INTERESTED IN MAGNETITE IRON ORE.----------------
------------------GINA IS AHEAD OF THE CURVE again.-----------LOL.
----------------RRR HAS 1.4 MILLION SHARES OF JUNO, ASX [IPO'ed in 2021]. Juno has 100% of Mt Ida and Mt Mason. Gina's new buy into Mt Bevan is NEXT DOOR to Mt Mason. Gina can take her stake to 51%.
vs MKT CAP RRR £4.2MILLION @0.35/0.38P.
Wed, 4 May 2022.
News. DYOR. CHECK WITH RRR RE: 1/2 LEFT OF 1.5% ROYALTY AT MT IDA, W.A.
AND 1.4 MILLION SHARES OF JUNO, ASX.
Weird sent itself lol
RRR/RGM on that occasion , soared to 14p and 12p respectively from the ground
floor and generous dad bell , bought his daughter a house as a wedding gift
after selling some of his holdings.
Lightning , sometimes does strike twice........GLA
;))
Many years ago , the market saying was
Gold will make you millions but Iron will make you Billions
certainly worked for Gina and also Andrew Forrest, Fortescue Mining, his personal
wealth a couple of years ago was around 17 Billion and his annual REWARD payment
that year was a staggering Aus $ 2 BILLION
After screwing everything up but feeding his wonga lender mates for a decade , Bell
could be on the verge of another 2010? when both RRR and sister company (now lost
by bell) RGM
GINA RINEHART-ROY HILL, PILBARA, W.AUSTRALIA
https://www.nsenergybusiness.com/projects/roy-hill-iron-ore-project-pilbara/
"Open Pit.
LARGEST SINGLE ORE MINE IN THE COUNTRY.
Exported to Japan, Korea, China & Taiwan.
80km to Port Hedland, Pilbara, W.Australia.
OWNERS:
Hanc ock 70% [Gina Rinehart]
Marubeni 15%
P O S C O 12.5%
China Steel 2.5%.
RESOURCE: 2. 4 B I L L I O N TONNES.
Mine life: 17 yrs. Extend 12 more years.
Production started: 2014
------
*****JUNO , ASX**********
RRR Investee co: 1.4 Million shares.
1/2 of 1.5% of MT IDA ROYALTY -------MT IDA 1.85 B I L L I O N TONNES MAGNETITE iron ore, W.A.
RRR sold 1/2 of 1.5% of Mt IDA Royalty in 2012 to a FTSE 250 co for US$14.4Million [£8.8 MILLION]. It was NOT in production YET. Mt Ida resource ONLY 500 MILLION TONNES THEN.
[NOW MT IDA 'S RESOURCE HAS INCREASED TO 1.85 BILLION TONNES PER JUNO 2021 AGM PRESENTATION]. Andrew Bell, CEO, at the recent Stockbox interview said longer term Mt Ida exploration target 2-3 BILLION TONNES.
Juno also has MT MASON, Hematite [HIGH GRADE], W.A - GINA HAS BOUGHT INTO NEXT DOOR AT MT BEVAN and can take the stake to 51%. Mt Bevan has 2 properties, one of which has M A G N E T I T E iron ore resource of just a little OVER 1BILLION TONNES.
RELEVANCE?
------------------MT IDA M A G N E T I T E IRON ORE, WA @1.85 BILLION TONNES
versus GINA RINEHARTS MASSIVE ROY HILL [LARGEST ORE MINE IN OZ] IS 2. 4 BILLION TONNES. !!!--------------A.BELL said Mt Ida exploration target 2-3 billion tonnes longer term.
Mt Ida HAS A FEASIBILITY STUDY DONE.---------------------------------
A.Bell said Juno has a 5% Chinese investor and from the board of DIRECTORS, one is from P O S C O ----------Look at Gina's largest shareholders. Hanc ock is not listed but is a private co.
Gina is Australia's richest woman and the IRON ORE QUEEN.
LOL-------------------ANDREW BELL , CEO OF RRR--------------DUE TO SINO NEWS TODAY,
WOW, MT IDA IS GOING TO BE OF INTEREST. With the Sino news out [posted below], folks are now interested and chasing IRON ORE MAGNETITE IN W.AUSTRALIA. SINO's profit $1.3 billion.
News, Wed, 4 May 2022.
Share price: RRR 0.35-0.36p
M A R K E T C A P : £ 4 . 2 million region.
News from Australia today:
"Sino Iron profit soars to $1.3bn as M A G N E T I T E INTEREST grows.
Interest in developing Australian M A G N E T I T E iron ore DEPOSITS are GROWING with Sino Iron's latest $1.3bn profit." Wed, 4 May 2022
Link: https://twitter.com/ken_kfwatson/status/1521714327111503872 or
https://twitter.com/ken_kfwatson [Ken shows a screenshot of the TITLE and article.
----
RELEVANCE TO RRR?
If folks recall, Jupiter Mines, ASX SPUN out M O U N T IDA to J U N O MINERALS, ASX 2021 IPO. All those who had shares in Jupiter got FREE SHARES in Juno. Hence, RRR got some 800k free shares but added more to bring the TOTAL to 1.4 Million shares [check next door at RRR.pl].
RRR-MT IDA ROYALTY
In 2012, RRR SOLD 1/2 of their 1.5% Royalty in Mt Ida to a FTSE co for US$14m [£8.8m].
According to the Annual Return of Dec 2021, the MT IDA ROYALTY is still present [assuming it is 1/2 but ring RRR to re-check]. At this time, Mt IDA had a 500Mt resource of MAGNETITE iron ore.
Production had NOT started even at this stage etc.
JUNO 2021 AGM PRESENTATION
It now mentions that the MT I D A resource has now gone to 1 . 8 5 BILLION tonnes of MAGNETITE iron ore.
JUNO, ASX
Juno now has Mt Ida as well as Mt M A S O N , a H E M A T I T E iron ore project which has reach INVESTMENT DECISION time. GINA RINEHART HAS JUST INVESTED IN MT BEVAN, NEXT DOOR TO MT MASON [the resource from Mt Mason flows into Mt Bevan]. Gina can take this interest to 51%. The Australian just reported on Gina and the title is: "BOOMING IRON ORE IS NO FOLLY " [per Gina]. Couldnt read the article as its on subs.
LoL, just after this article, comes the Sino Iron story today.
---------------NOW, EVERYONE [per the article kinda of thing] is CHASING IRON ORE M A G N E T I T E !! I said Gina ............[positive] getting in earlier. Gina's iron ore at Mt Bevan [2 resources] - 1 IS MAGNETITE at some 1BILLION TONNE [a bit over].
Magnetite needs BENEFICATION whilst hematite iron ore doesnt.
-----------------------MT IDA IS A T I E R 1 M A G N E T I T E iron ore project-----------
At 1.85b/t it is almost DOUBLE of Gina's. Also, Andrew Bell, CEO told Stockbox Media recently, the target for Mt Ida is 2-3bn over the longer term.
Bell also said that Juno has the SAME TEAM AS JUPITER, dividends etc.
The MD of Juno in the said presentation said that once Mt Mason is steady [production], then they blow the dust OFF MT IDA.
------------------------MT IDA----------------TIER 1 MAGNETITE, WESTERN AUSTRALIA--------
[iron ore capital of Australia].
News, 4 Apr 2022.
Look what has happened to VAST today, a week ago a rather, if I may say, unscrupulous online blog were suggesting the company was going bust, the shares plummeted to .19p, they are now changing hands at 1.25p at this moment in time.
This type of move COULD occur here, it only took 2 news updates today to move VAST, at RRR there are a possible 4 or 5 waiting in the wings !
I am starting to see a slight change in sentiment across the junior mining/exploration sector, maybe Paul Johnson (and others) are correct in suggesting we are on the cusp of a weight of cash hitting this area of the market.
A number of stocks have already doubled (PREM comes to mind) and there have been some volume spikes in others that offer trading opportunity.
The best way to make money on AIM is to time your entry point into a stock and sector, the thesis about buying unloved companies to gain the best returns makes a great deal of sense.
Without doubt Red Rock could be classed in the above category, unloved it most certainly is, sub £5m m/cap for a company pursuing potentially short term cash of approximately double that number - makes you think does it not !
mine after agreeing to reach solution with the govt over royalty dispute."-Yahoo Finance, 1 month ago on 3 Apr 2022.
"China Moly [CMOC] has regained control of their massive TENKE Fungorame copper and cobalt mine after the DRC withdrew a case it had filed against the mining giant.
GECAMINES [state mining co] had a 20% stake in the mine. Moly paid US$2.65bn to buy it from Freeport and increased it to 80% stake by paying a furtner $1.14bn.
CEO of Moly TRAVELLED to Kinshasa to meet PRESIDENT FELIX TSHIKED."
The article goes on to say they later met the PM of DRC. They agreed to settle dispute OUTSIDE court and to appoint a 3rd party to conduct an assessment for a definitive solution.
"CONGOLESE GOVT IS PLAYING THE APPEASEMENT CARD TO AVOID ANY FOR OF J U D I C I A L escalation NATIONALLY OR INTERNATIONALLY WHICH WOULD NOT BE BENEFIT ANY OF THE PARTIES."-Neena, Policy and Mining Analyst.
---LOL, Rings a bell, given A.Bell is going to Congo to meet the para State to settle the $5m+$15m [50/1% to RRR] over MUSONOI, DRC COPPER AND COBALT PROJECT.
As I said INTERNATIONAL ARBITRATION gets registered against a country if fought outside Congo in Washington or Paris like the First Quantum case vs ENRC, a FT100 co some years back. Ah, so, the latest is "playing the appeasement card" per the analyst . It all is beginning to make sense given this BACKDROP dated 3 Apr 2022. New President in charge is Felix T vs before.
News, Mon, 2 May 2022 [holiday, mkt closed].
Keep posting News, you are making me feel better about being invested here. Keep up the new flow/analysis. Thanks, Elric.
blueboy1975
Just in case you may NOT be aware but ANDREW BELL was a director of Greatland Gold together with Paul Johnson. They restructured GGP and PJ interviewed Gervaise Heddle, a ex-fund manager from Sydney, Australia. At one stage, GGP went to OVER £1bn+ mkt cap at around 40p+
Currently GGP 's mkt cap is £541m given that they JV'ed 70% to Newcrest at Havieron.
From 1.3p at Hole 5, it went to 40p+ and is included in the GOLD INDEX.
Once a embattled tiny co with a project at Ernest Giles which the major walked out on and the sp collapsed. From there, PJ and Bell had to restructure.
A HOUSEHOLD NAME BOUGHT 6% OF GGP when it was at 1.3p or a bit less as he took
the placing wherelse s/h had to buy i n the market. This household name was listed in the SUNDAY TIMES RICH LIST >500 from recall. He is into property and as we all know commercial property can be volatile in the downturn. Well, GGP made his fortune obviously given he bought at around 1p and his target was 10p so one assume he sold at that price and he disappeared. His last posts on that forum was from a tax free haven enjoying himself.
Yeah, thanks to BELL from this Sunday Times name I am sure and to Pj.
PJ made his fortune from RRR at the time it went from 1p to 20p [First Equity Research note of Sep 2022 evidences this during the JUPITER MINES TIME. ] SO, TIMING IS OF IMPORTANCE GIVEN SOME LOST ON GGP DURING THE EARLIER YEARS BUT DURING THE HAVIERON DAYS, FORTUNES WERE MADE. SAME WITH PJ' fortune - it was said on another forum on RRR, PJ made £750-£1m from RRR when he bought at 2p and sold at 19p. PJ's capitial £7,500.
SAME BELL IN RRR WHEN PJ MADE HIS FORTUNE.
SAME BELL IN GGP WHEN MANY MADE THEIR FORTUNE EG 6% HOLDER.
Mon, 2 May 2022 [holiday, mkt closed]
So, DYOR. All up to the individual as to WHEN they get in whether it is SOLGOLD, GGP, XTR , RRR etc -HISTORY EVIDENCES THIS AS SAID in this post and the other post a few mins ago I posted on this forum. Got to run so sorry for errors, typos etc.
How does RRR SPEND US$250 MILLION from compensation? [A.Bell interview with Proactive [irons in the fire] on Fri, 29 Apr 2022 vs £4.2m mkt cap @0.35p?
One would need to buy a BIG WORKING PROFITABLE MINE for US$250m from possible Congo litigation?
Up to now, look at the Annual Report 2021 [latest] and Interims [29.4.22] and the exploration is VERY MODEST [extremely modest but do check]. Most of it per the said interview on 29.4.22 is THRU PEGGING LICENCES and that NEVER COSTS A lot.
So, once RRR went from 1p to 20p -First Equity Research Broker Note Sep 2021 of the history of RRR during the time of Jupiter Mines, ASX. So, it went up and had Congo not had its licences taken under them, RRR would be in a different place.
Same as others eg Ascent.
Good job, the 2 cases have been won in Congo over $5m+$15m [50.1% to RRR] from the MUSONOI licence, DRC. Good job, Kenya Migori also came back.
Yesterday, is yesterday as was with GGP , Solgold which were once also the same shell mkt cap but their 1 project at Havieron and Cascabel jettisoned the co to HUNDREDS OF MILLIONS MKT CAP. Look at Solgold's mkt cap at £663m and $541million for GGP. Posters said the same thing ie legacy.
One project can change a co's fortune especially if it is a TIER 1 eg Solgold and GGP.
BHP and Newcrest are major s/h of Solgold. In GGP's case, Newcrest is the JV partner.
Yesterday is gone, and for us new holders, we look at assets and what the financial book value is -nothing else matter. However, proof of the pudding is in the eating so s/h have to wait to see what history will say. Everything is TESTED and what A.Bell, CEO said on Fri, 29.4.22 interview will also have to be tested.
Come back in 2023/2024 on 2 May and one can review again.
Mon, 2 May 2022. Mkt closed as its a bank holiday. As HawaiiFiveO said XTR for an example went from 1p to 9p on the Bushranger project [new project].
All this waffle, it doesn’t matter a jot. If perchance Bell lands millions in compensation, as sure as night follows day the money will disappear in admin expenses, that is why the share price is what it is and will stay so until the next consolidation. Everyone now knows he’s the last person you would trust with any sort of money, though im his personal bank balance will always look very healthy. Go figure.
" G I N A RINEHARD INTEREST SUGGEST MAGNETITE IRON ORE IS NO BOOMTIME FOLLOW."-2 weeks ago. The Australian.
Cant read as it is on subscription. The magnetite iron ore they are referring to is the one I mentioned below at MT BEVAN, WESTERN AUSTRALIA WHICH GINA HAS JUST GOT INTO.
She is Australia's largest tax payer at $6bn paid in taxes and is the largest exporter of iron ore from Roy Hill iron ore, W.A.
She said of Roy Hill that she is NOT a gambler. History has proven this right with China
coming up and needing iron ore. Hence, Roy Hill is a great success but the capex was $10bn, a whopper in any sense which surpasses even Twiggy's FMG, also iron ore in W.A.
She is called the IRON ORE QUEEN or QUEEN OF THE DESERT ie Australian Pilbara, WA.
So, here's hoping that JUNO's FORESIGHT now will become another success after Jupiter. After all, JUNO IS NOW AT THE RIGHT PLACE, AT THE RIGHT TIME.
Gina sold her N.T ranch she built up. Why? She said it has gone EX-GROWTH. So Gina is not wedded to projects but is astute to get into the next growth market in agri.
So, history will prove she is right again or not.
I am so pleased that MT IDA also in W.A as Mt Bevan [Gina] IS ALMOST DOUBLE Gina Mt Bevan. Gina can take her stake up to 51% BUT WILL NOT OWN MT BEVAN --------------UNLESS-------------SHE BIDS FOR IT TO TAKE THE CO OVER. Let's see what she does. If she does so, then it would LIGHT A FUSE ON M & A IRON ORE IN W.A.
--------------ANOTHER WIN THEN FOR JUPITER II AT JUNO? Yes, No, time will tell.------------
News, Mon 2 May 2022.
Public hol, Mkt closed.
RRR-Mkt Cap £4.2m @0.35p